It is reported that the Irish Government has appointed the Australian investment bank, Macquarie, to evaluate proposals for the privatisation of Coillte. As previously reported, the state owned forestry company’s harvesting rights, timber milling and manufacturing assets are being considered for sale.
Coillte also has interests in telecom masts and renewable energy through Coillte Enterprises and some commentary suggests that these interests could be spun off before any asset sale takes place.
An update on the proposals is expected in advance of the next meeting with the Troika in July.